How To Purchase Your First Multifamily Property! Basic Steps, Tips, and Success Stories

Learn the essential steps required to buy your first multifamily investment property. Additionally, we answer the most commonly asked questions and give you exclusive pro tips from experienced multifamily real estate investors. #realestateinvesting #multifamily #realestateinvestor #realestatetips

0:00 Introduction
1:06 The Right Mindset & Generational Wealth
2:32 Why Do People Buy Multifamily Properties?
5:40 First Step (What do I qualify for?)
8:54 Credit, Employment, Debt/Income Ratio, and Reserves
12:00 Interest Rates (and waiting for low rates)
21:04 The Best Time to Buy Real Estate
23:24 Cash Flow and Appreciation
27:12 Rent Control & Housing Demand
30:00 Commercial (5 units or more) vs. Multifamily (4-plex)
36:44 Is this a Good Deal?
41:10 Multifamily vs. Single Family Home
42:14 Adding Value To Your Property
44:54: Recap

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Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing. Today he handles everything from finding, funding, designing, managing, and selling investment properties. His diverse experience in commercial and multifamily real estate allows him to develop and navigate a wide range of projects.

Caleb oversees asset performance and provides decision-making support for a portfolio of real estate investments totaling over $65 million. With a proven background in investment analytics, asset management, and commercial brokerage, he possesses all of the necessary skills to support his clients in every stage of ownership, while guiding them to their investment goals.

Sage Trust Mortgage
We offer full-service mortgage lending services to help you build wealth through homeownership and real estate investing.

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[fundingfreedomwithben]

This is GOLD guys! I just made a video about this but you can buy a 2-4 unit building Conventional with 5% down and avoid the Self sufficiency test that FHA has for 3-4 units, so now is a good time to look into 2-4 unit opportunities and live for free with that rental income. Definitely earned a sub and like from me 💯👍

[jasonjosephlee]

Appreciation is great. Cash flow is nice but if you can hold on for appreciation, that's the best thing you can do long term.

[antonio-fjdo]

You 2 really explain things clearly!! Love it

[sherrieadams]

Hi Juan and thank you for the 12/2023 FM 5% video. Can you recommend a knowledgeable Chicago lender who specializes in owner occupied MF properties?

[matthewjackson]

Have we seen veterans being able to take advantage of benefits if they already have a very good rate on their home? Looking to purchase our first mfp but not sure how to best approach the entry fees. And if there is a way to avoid cash down.

[ginacardarella]

To me depending on your age. I think cash flow is more important, especially now the way things are costing so much more.
Money you need that cash then appreciation

[Catravels]

Question, we want to house hack next year. So buy a multi family, 5% down, live in one for a year then rent it out. If we do this process again the following year, wouldn’t they take into consideration the mortgage of the multi family we already have? Wouldn’t that affect how much they would approve us for?

[talus]

Even properties that are not in markets that are expected to appreciate will appreciate at the rate of inflation.

[adriandendulk]

In past videos, you mentioned referrals for brokers in other markets that make sense for younger investors. What markets do you have that we can check out? Detroit? Also, are you guys seeing a price correction in your market?

[Motherly]

Hello. Can you talk about House Hacking and the BRRR method?

[JamesMFInvest]

The roadmap you’ve laid out is pure gold for anyone ready to take that leap. From the essential steps to those pro tips that only come from seasoned investors, this is the kind of insight that turns dreams into reality. The key here is action—taking those first steps armed with the knowledge and guidance shared in this post. #jamesmfinvest #multifamilyinvesting #scdctexas

[danielnolte]

I currently own a 4 plex in wv. How do you determine the cap rate in a given area?

[richiep]

What if you don’t have the money to put down payment or start having some money to put down im 31 years old I wanna start doing something in my life where I wanna challenge myself I feel like this can be my life can you guys help me out

[Thrivinglife]

I’m in the process of buying my third property.

But I really want to buy a 4plex… but here in my area ( San Bernardino county) the 4plex being for sale right now is 1.3M . How can I buy it? It’s too expensive. I need to save more for down payment. 😊

[tke-nationupsilonpi]

Can you do a detailed example of single family, duplex and fourplex loan amounts people get approved for and what they would need to make for each ? I’m currently planning on looking in the Berkeley/Oakland area for a fourplex myself so this video would educate me a lot .Thanks!

[lei_cao]

Hi Sage, do you have any multifamily broker/advisor connected and recommended in Dallas Fort Worth and Austin area? Appreciate the recommendation

[larryhaines]

Hello I am an older veteran in PA geting close to retirement like to use my VA loan for 1st time for multi units do you have anyone I can link up with.

[RBGoodfat]

Do you guys have someone you can link me up with in the Homestead, FL, south of Miami area?

[sereneee___________]

Hello, I live in CT and I would like to get into investing in real estate. Do you guys have someone here in CT that can help me out?

[ginacardarella]

Be careful if you're going to airbnb and make sure that you are allowed to do it if you're under rank control. I don't believe you can in the city of los angeles Remember when you build an ADU you're property taxes? I believe go up to, so be prepared for that. And there's a lot of other things they hit you with so.
Do a lottery search don' just go and depend on a builder